Vanguard Offers Market-Neutral Fund

Vanguard Group has launched the Vanguard Market Neutral Fund. The fund, created through the recent reorganization of the Laudus Rosenberg U.S. Large/Mid Capitalization Long/Short Equity Fund, is expected to appeal primarily to endowments, foundations, and other institutional investors, the company said.

Vanguard Group manages nearly $1.3 trillion of mutual fund assets in the United States, including more than $325 billion of employer-sponsored retirement plans. It offers more than 140 funds to U.S. investors and 180 to foreign investors. a